Hydroxypropyl Cellulose Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Hydroxypropyl Cellulose Market is Segmented by Type (L- Hydroxypropyl Cellulose, H- Hydroxypropyl Cellulose), Application (Pharmaceutical, Cosmetics, Food Additives, Textile Industry, Oil Field Chemicals, Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa).

Market Snapshot

Market Overview- Global Hydroxypropyl Cellulose Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The hydroxypropyl cellulose market is expected to register a CAGR of over 4% during the forecast period. One of the main factors driving the market is the increasing demand for ophthalmic drugs due to the rising prevalence of eye disease. However, government limitations on the use of hydroxypropyl cellulose as food additives are expected to hinder the growth of the market studied.

  • By application, demand for hydroxypropyl cellulose in the pharmaceutical industry is expected to grow further during the forecast period.
  • Increasing demand for hydroxypropyl cellulose in the textile industry is likely to act as an opportunity for the market studied in the coming years.
  • Asia-Pacific dominated the market across the world with the most substantial consumption from countries, such as China and India.

Scope of the Report

The hydroxypropyl cellulose market report includes:

Type
L- Hydroxypropyl Cellulose
H- Hydroxypropyl Cellulose
Application
Pharmaceutical
Cosmetics
Food Additives
Textile Industry
Oil Field Chemicals
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand forOphthalmic Drugs with Rising Prevalence Eye Disease

  • Hydroxypropyl cellulose is a cellulose ether containing hydroxypropyl substitution, which is obtained from the reaction of alkali cellulose with propylene oxide at high temperatures and pressures and occurs as a white powder. It is soluble in water and certain organic solvents.
  • Hydroxypropyl cellulose is used to treat ophthalmic medical conditions characterized by insufficient tear production, such as keratoconjunctivitis sicca, recurrent corneal erosions, decreased corneal sensitivity, exposure, and neuroparalytic keratites.
  • Additionally, hydroxypropyl cellulose is used as a thickener, a low-level binder in tablets, an emulsion, and a stabilizer in pharmaceuticals.
  • According to the WHO, in 2018, it was estimated that approximately 1.3 billion people were living with some form of vision impairment. The increasing prevalence of eye diseases is increasing the demand for ophthalmic drugs, which, in turn, increases the demand for hydroxypropyl cellulose globally.
  • Hence, owing to the factors mentioned above, the application of hydroxypropyl cellulose in ophthalmic drugs is likely to dominate during the forecast period.
Hydroxypropyl Cellulose Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market for hydroxypropyl cellulose during the forecast period. The rising demand for ophthalmic drugs in developing countries like China, India, and Japan is expected to drive the demand for hydroxypropyl cellulose in this region.
  • The largest producers of hydroxypropyl cellulose are based in the Asia-Pacific region. Some of the leading companies in the production of hydroxypropyl cellulose are NIPPON SODA CO. LTD, Shandong Head Europe BV, Shin-Etsu Chemical Co. Ltd, Ashland, and DuPont, among others.
  • An increase in the number of middle-class households, advancement in medical infrastructure, and the increasing penetration of health insurance in the country are likely to play a significant role in influencing the growth of hydroxypropyl cellulose made ophthalmic drugs.
  • The growing consciousness towards maintaining one's appearance and a considerable increase in disposable incomes boosts the cosmetics market, increasing the demand for hydroxypropyl cellulose in the Asia Pacific region.
  • The rising awareness about a high nutritional diet and the increasing need to impart ethnic taste is accelerating the food additive market, which, in turn, increases the demand for hydroxypropyl cellulose in the Asia-Pacific region.
  • Owing to the factors mentioned above, the market for hydroxypropyl cellulose in the Asia-Pacific region is projected to grow significantly during the study period.
Hydroxypropyl Cellulose Market Regional Trends

Competitive Landscape

The hydroxypropyl cellulose market is partially consolidated in nature, with only a few major players dominating the market. Some of the major companies are NIPPON SODA CO. LTD, Shandong Head Europe BV, Shin-Etsu Chemical Co. Ltd, Ashland, and DuPont, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand of Ophthalmic Drugs with Rising Prevalence Eye Disease

      2. 4.1.2 Rising Cosmetics Industry in Asia Pacific Region

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Government Limitations on Use of Hydroxypropyl Cellulose as Food Additives

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 L- Hydroxypropyl Cellulose

      2. 5.1.2 H- Hydroxypropyl Cellulose

    2. 5.2 Application

      1. 5.2.1 Pharmaceutical

      2. 5.2.2 Cosmetics

      3. 5.2.3 Food Additives

      4. 5.2.4 Textile Industry

      5. 5.2.5 Oil Field Chemicals

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 CP Kelco U.S. Inc.

      2. 6.4.2 DuPont

      3. 6.4.3 Shandong Head Europe BV

      4. 6.4.4 Akzo Nobel

      5. 6.4.5 NIPPON SODA CO. LTD

      6. 6.4.6 Ashland

      7. 6.4.7 MizudaHope

      8. 6.4.8 SE Tylose USA

      9. 6.4.9 TRC-Canada

      10. 6.4.10 Shin-Etsu Chemical Co. Ltd

      11. 6.4.11 SIDLEY CHEMICAL CO. LTD

      12. 6.4.12 Zhicheng Cellulose Co. Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Demand of Hydroxypropyl Cellulose in Textile Industry

    2. 7.2 Other Opportunities

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Hydroxypropyl Cellulose Market market is studied from 2016 - 2026.

The Hydroxypropyl Cellulose Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

NIPPON SODA CO., LTD, Shandong Head Europe BV, Ashland, Shin-Etsu Chemical Co., Ltd, DuPont are the major companies operating in Hydroxypropyl Cellulose Market .

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!